AUD/USD – 30M – BUY

The combination Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.

The bullish trend up to the next resistance level at 0.71629 is certain.

Caution: A possible change in the direction of the support level at 0.71255 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 0.71531784 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.71629 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.71356 – 0.71629 – 0.71579 – 0.71255 – 0.71143 – 0.71107 —
0.71546 – 0.71352 —
58.879508077862 – 38.502787359799 —
– —
0.71356 – 1777003200

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –